As our HFT News Algo is waiting for the new server, let’s view some charts of the real Economy and how people actually are doing, compared to a couple of decades ago. Interesting charts from DShort.
Among the many subtle details evident in these charts, one that especially caught my attention was the fact that the bottom quintile has grown faster than the third and fourth quintiles. This curious fact is not apparent in the dollar charts above.
Also not evident in the dollar charts is the grim reality that in real (inflation-adjusted) terms, households in the bottom quintile earned slightly less in 2010 than they did in 1973 — 37 years earlier. Even the top 5% of households have suffered an uncharacteristic decline, with their mean 2010 real income hovering around the level first achieved in 1996.
Full reading here.